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Search Results 0 to 38 of about 39 (some duplicates have been removed)
information on who was in this suv and how police caught up with them. >> president obama demanding action before automatic budget cuts take effect in less than two weeks. he invited first responders to the white house to hear his latest plea to congress. >>> good morning, everyone. welcome to news 4 midday, i'm barbara harrison. >>> right now president obama pushes republicans to push a short-term plan to delay the sequester. andy with more. >> urging a crowd of republicans to act now to avoid automatic cuts to defense spending set to kick in next friday. with emergency responders by his side, you're looking at a live picture right here. the president stressed that their jobs are in jeopardy if a plan isn't reached to delay the sequester. dozens of government programs and local services stand to be hit hard. the white house backs a deal that raises tax revenue to offset the $85 billion in cuts. but senate republicans aren't onboard saying the president already got his tax increases at the beginning of the year. >> these cuts are not smart. they are not fair. they will hurt our economy. th
and obama together in a room, only fed airline food for 5 -- a day. they will have a good plan. dagen: not even a day, four hours on that. katherine, final word. this week, the word from ben bernanke at least in the short run, the federal rereceiver -- preserves spending in place. isn't now a good time to cut? can the economy handle spending cuts austerity there, and then, also, the federal reserve removing that? i mean, can we handle it hand in hand or take higher interest rates to force something in dc? >> well, we have to recognize that the sequesteration cuts are narrow and do not provide a down payment on a path to fiscal stainability. the cuts are indiscriminate, and if anything, they undermind the capacity of the economy to grow in the long term underminding our capacity to work our way out of the dealt that we have, so, you know, this is the worst approach to coming to a sustainable path. it does nothing to deal with the medicare/medicaid situation, which, frankly, is the basic problem with the deficits and with our debt profile, so this does nothing to help us in the long ter
begin to take effect at week's end. president obama, speaking at a shipyard in new port news, virginia, delivered fresh warnings today that the spending cuts would result in painful, self-inflicted wounds. >> because of these automatic cuts, about 90,000 virginians who work for the department of defense would be forced to take unpaid leave from their jobs. so that's money out of their pockets. money out of their paychecks. and then that means there's going to be a ripple effect on thousands of other jobs and businesses and services throughout the commonwealth. >> ifill: the president pressed for a compromise that combines targeted spending cuts with increased tax revenue. >> there are too many republicans in congress right now who refuse to compromise even an inch when it comes to closing tax loopholes and special interest tax breaks. and that's what's holding things up right now. >> ifill: the administration announced today another response to the impending cuts. the release of hundreds of detainees held at immigration detention centers. republicans called it a ploy. and back at the c
to reform entitlements. >> president obama is talking about the forced spending cuts later today in a shipyard in new port news, virginia. an estimated 40,000 civilian defense department jobs in the region could be furloughed if those cuts do come down. >> on pope benedict's final week as a member of the catholic church, a string of child sex abuse cases emerge. cardinal roger mahoney of los angeles will be part of the conclave despite damming new revelations about his handling of pedophile priests. then there was yesterday's stunning resignation of a uk leading catholic cleric, archbishop keith o'brien amid accusations of boys studying to be priests, a claim he denied despite stepping down. pep benedict's last day is thursday. he's the first pope to resign in some six centuries. >>> this year's cpac is giving new jersey governor a potential 2016 presidential contender chris christie the cold shoulder. a source close to the conservative political action conference, this is an annual meeting where republicans get together and talk about conservative issues, organizers did not invi
with the president obama. the white house says they will discuss the need for a balanced plan, tax increases and spending cuts to replace across the board government cuts beginning on friday. republicans suggest that is little more than a photo-opportunity. on white house, and democrat continue to warn of significant consequence if republicans fail to sign off than their proposal. >> republicans appear poised to make the biggest mistake at all. they let the sequester painful, arbitrary cuts take effect. across the country, meat inspectors, fbi agents, border patrol agents will be furloughed. >> it is absurd the government can not get by with a little more than a 2% reduction in spending when every working american -- >> senate votes tomorrow on democratic an republican bills to replace the automatic spending cuts. neither is likely to pass. back to you. lori: so rich, is the senate doing what john boehner told it to do, to get off its rear? >> i saw them walking around. so literally yes. melissa: wrel done. very quick. i like that. all right. ratings agency fitch, saying the sequester won't
of their lives. >> drew, what about obama care? wasn't that supposed to keep hospital costs down? >> it was. but in reality, jake, there is nothing in obama care aimed at reducing the actual costs of health care. some are arguing that obama care, the forcing of everybody to be in this insurance plan or pay a penalty, is actually going to increase the costs we are paying because in very simple economic terms, you're increasing the amount of people who will be paying for all the health care, increasing demand, and there's really no incentive for the suppliers like these hospitals, to charge any less. steven bril, the author of the "time magazine" report said with obama care we've changed the rules related to who pays for what, but we haven't done much to change the prices of what we're paying. >> where does all this profit end up? >> yeah, it is flowing right into the hands of hospitals and the insurers. tomorrow night, jake, we're going show you exactly whose hands are literally raking in millions of dollars in all this. >> all right. excellent report. one more quick point, "time" special co
ronald reagan wouldn't have done these kinds of threats and creating armageddon like president obama has this particular week. he says george bush would not have done that. very interesting. i think this changed the entire equation. >>brian: listen to this tweet. watching woodward the last two days is like imagining my idol of the phillies facing live pitches again. they're saying he's washed up and crazy. there's more to this. stand by. >>steve: 13 minutes after the top of the hour on this thursday. coming up, should our government really be releasing illegal immigrants ahead of sequester? we already have. is that really a good idea? we're going to discuss that. >>gretchen: move over hallly barry, this pint-sized look-alike pint-sized look-alike stealing the scene. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. i've noticed lots of fisherman forget to latch their tackle box before they pic
. nemo dumped up to three feet of snow in some areas. president obama has declared connecticut a disaster area, which makes it eligible for federal aid and at least 15 deaths are blamed on the storm. travel delays are easing. amtrak says it will have limited services in new york and boston. it's not the typical story you hear about in the u.s. in february as tornados tear through mississippi. >>> three companies biggest investors have joined southeastern management's objecting to the deal. but the latest edition, 14% now say they'll vote against the buyout. as far as dell's stock is concerned in frankfurt, it is still up 2%. >> eric schmidt is cashing in. the google claim has filed to sell 42% of his shares in the company. he will sell shares through a regular trading plan spread out over a year to reduce the market impact. analysts say it could hint at him playing a smaller role in the company going forward. schmidt handed the reigns to larry paige in 2011. google shares down about 0.8%. still up about 11 fers, 12% over the last six months. different story than major competitor apple. >>
of the titans. >>> and japanese prime minister shinzo abe is heading to walk to talk to president obama. just what kind of reaction can abe expect from washington? we'll give you a preview. >>> before all that, let's recap what's happening in markets. we've seen more activity, in fact, higher volume over the last couple of sessions, really, than we've seen for much of the year. the volume is coming on a sell-off. u.s. markets fell yesterday following the release of the fed minutes. it was the worst day of the year for the s&p and nasdaq. as you can see, shedding 108 points there, a rare triple digit decline this year. energy and material stocks were the worst hit. all ten s&p sectors did hit the day lower. volatility on the rise. the vix rose nearly 20% on this session. the sell-off has continued overnight. the shanghai composite, the australian markets taking it on the chin. will i sixuan joins us from singapore. >> thank you, kelly. fears of an early access by the fed rocks sentiment here in asia today. the nikkei pulls back 1.4% from its 52-month high. investors remain cautious ahead of th
investigators are trying to find out how it happened and who was on board. >>> and president obama addresses that highly talked about golf match with tiger woods. who does he think was more nervous? >> it's thursday, february 21st. "starting point" begins right now. >>> welcome, everybody's. happening right now, oscar pistorius possibly minutes away from a decision on his bail as he fights a charge of premeditated murder against him. final arguments are under way. it's day three of the hearing. the defense is angling for a lesser charge than premeditated murder. they say if pistorius wanted to kill his girlfriend, reeva steenkamp, he could have done it in the bedroom and not in the bathroom. we've also learned that the lead investigator in the case is facing reinstated attempted murder charges for allegedly opening fire on a mini bus that was carrying seven people back in 2009. allegedly he was under the influence of alcohol at the time. i want to get right to nic robertson who's live outside the court house in south africa to walk us through some of the latest turn of events in this case. g
the benefits of the easy money policy out raise the rest. president obama on the road in virginia with a warning for shipbill is about automatic spending cuts but no sign of progress ahead of friday's deadline. lori: housing market recovery picking up steam, the case schiller report signals improving home prices but not everyone is convinced that we have turned the corner and that includes the report's co-author robert schiller coming up. lori: you'll want to stick around for that. also today we have for you the latest on the battle over martha stewart, the queen of all things domestic testifying in court as macy's tries to blocker deal with j.c. penney. let's get an update on the markets, volatile session indeed. back to the floor of the stock exchange to check in with nicole petallides, cost stocks bouncing back, 1 and points of ayes today. nicole: hy of the day was 13,009/11. not too far off of the high. 13,009, we still are up over 100 points. not a bad start. yesterday we lost 200 points. we had that back and forth action. at first, writing that negative waived out of italy a
last month to doping during his career. >>> the obama administration want the supreme court to strike down the defense of marriage act as unconstitutional. the 1996 law denies federal benefits to same-sex couples even if they're legally married. a brief filed with the high court said the law creates unequal treatment of gays and lesbians. now the administration says annie winsor -- edie windsor deserves to get money back after the passage of the act that happened after her partner died. >>> the air force has ordered its fleet of f-35 fighter jets grounded after a crack was found in the engine of one of the planes during a routine inspection. at nearly $400 billion, the high-tech jets are the most expensive weapons systems in military history. there are 51 planes in the fleet. >>> we now know the identity of another victim of that deadly shooting and car crash on the las vegas strip. our affiliate, komo, reports sandra sutton was the passenger in that taxi that burst into flames after a maserati crashed into it. now the crash also killed the taxi driver. someone in a black range rover
debt. president obama pushed for a last minute compromise to lessen the economic damage. >> these impacts will not all be felt on day one. but rest assured the uncertainty is already having an effect. companies are preparing layoff notices. families are preparing to cut back on expenses. and the longer these cuts are in place, the bigger the impact will become. >> these cut does not have to happen. congress can turn them off any time with just a little bit of compromise. >> rose: steve rattner has had a distinguished career in journalism, business and government, instrumental in turning around the automobile industry, and currently chairman of advisors and the economic analyst for msnbc's morning joses and a regular contributer to the "new york times" and financial times. so i'm pleased to have him here to talk about an important issue. and what i want this to be, in this conversation, because steve knows this subject well is a kind of prime never terms of answering some of the questions that you might have because there's so much information out there. and even to the q
, president obama speaks publicly about the case for the first time. >> if i had a son, he would look like trayvon. >> reporter: march 4th, a group call the new black panther party offers a $10,000 reward for zimmerman's "capture." trayvon martin rallies held across the country demanding zimmerman's arrest. april 11th, zimmerman charged with second degree murder and turns himself in. bond set at $150,000 and three days later, he walks out of jail in the middle night of, only to return six weeks later when a judge revokes his bond after prosecutors say zimmerman and his wife lied about being poor at his bond hearing, failing to mention hundreds of thousands of donated dollars from supporters, this time zimmerman's wife is also arrested, charged with perjury. july 6th. zimmerman's release from jail again, now on $1 million bond and goes into hiding. zimmerman appears on fox news. >> anything you might do differently in retrospect now that time has passed a little bit? >>> no, sir. >> reporter: his defense team lobbies successfully to have the judge in his case replaced. justice for trayvon m
in the next half hour. but first, sorry to do this, we have to talk politics. >>> president obama says more tax revenue will be needed to help reduce the deficit. he'll push to get rid of loopholes such as the carried interest tax break enjoyed by private equity firms and hedge funds. >> i don't think the issue right now is raising rates. the question is, if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there's still waste in government, can we reform our health care programs in particular because we spend a lot more on health care than every other country does and we don't get better outcome. so there's a lot of waste in the system and there are things that we can do to reduce health care costs. >> asked about the contraction in fourth quarter gdp in the u.s., president obama blames the dysfunction in washington surrounding the fiscal cliff. a sharp drop in spending did over-shadow strong housing data. it followed unexpectedly strong defense spending in the fourth quarter. maybe some positive news there. tina, from citi, she's been t
. president obama has been crystal clear about this. >> reporter: meantime iran is getting ready for another round of talks, the nuclear negotiator arrived today to meet with what's being called the p-5 plus one, the u.s., britain, russia, france, and germany. the meeting is scheduled to begin tomorrow. iran insists its nuclear program is for peaceful energy purposes only. any chance of negotiating in syria shot down after a nearly two-year civil war, the syrian regime said it's ready for talks with rebels but opposition members scoffed at the day's offer. they also said they will not participate in the meeting next month in rome with its western and arab allies upset they have not done more to help them. secretary kerry is asking them to recan consider saying their request for military and financial aid will be addressed. after three days of hiding out at his uncle's home, oscar pistorius made a brief outing today straight to a south african police station. under the terms of his bail, the olympic track star needs to check in with authorities. pistorius goes to trial in june for killing his
moments when the world hangs on every word. america's economy is clearly slowing. president obama says we will take another hit from the spending cuts that start friday. and in europe, italian voters have rejected economic misery. they brought back politicians who threaten the very existence of the euro currency. that is a chaotic backdrop to the bernanke speech. here's the key thing to look for, will he keep printing money? all right, now, look, we have got peter barnes with us. he has advanced copy of bernanke's reports. he's going to tell us all about precisely what ben bernanke pro poses to do. -- proposes to do. at the moment the dow industrial average is up 108 points. seconds from now we will find out what ben is going to do. right now, peter barnes is he going to keep on printing? peter: yes, he is stuart. he says that the fed will continue quantitative easing until it sees, quote, a substantial improvement in labor markets and right now he says that labor markets remain generally weak despite -- despite some gradual improvements. printing presses are going to keep going. stuart:
resumed. boston 4i9 with two feet with snow. the governor ordering schools to remain closed. the obama administration declaring a state of emergency in connecticut which will help them get federal moneys for the cleanup. they saw record snow, over three feet. schools there also remaining closed today. we've got some updated outage numbers. some of the figures we had from the weather an hour ago, particularly in rhode island, significantly underreported. here are the new numbers that we have. only 135,000 customers still without power across the northeast. majority in massachusetts, over 110,000. that's down from about 400,000. so they've worked really quickly there. in rhode island the number is now 20,000 down from peak of around 70,000 over the weekend. close to 1400 still in the new york area. and over 200 in connecticut. but that connecticut number might also be higher. the numbers well below hurricane sandy overall. ford's head of u.s. sales says the auto dealer doesn't see any major impacts like they saw during sandy due to the snowstorm. during sandy they lost nearly 200,000 car
against cyberattacks. the obama administration will announce new sanctions this afternoon to stop countries that support hackers who steal american trade secrets. this is after a report that the chinese military is behind an ongoing plot to hack u.s. companies and government offices. the chinese government denies it's involved in cyberespionage. >>> security breach at apple. the company says hackers targeted a small number of laptops with malicious software. facebook had a similar problem last week. the attacks used a weakness in the java plug-in for web users to infect the computers. to avoid it type of hacking, the department of homeland security recommended last month that user disable java on web browsers. >>> how much is the most expensive drink at starbucks? the answer and what's actually inside that drink. coming up. >> plus, nothing but net. the slam-dunking otter that has become a viral hit. >> and let's check in on the market opened up about 10 minutes ago take a quick peek at the early numbers on this midweek wednesday. and everyth
and andrew ross sorkin. making headlines this morning, president obama is holding a white house open day-to-day hack-a-thon. >> oh. >> it's about hacking. >> duh. >> i thought it was about filling the entire places with hacks. >> i knew that's where you were going. >> that's what i thaw it was, a swear. >> come on, mr. brand new iphone. >> yeah. the administration is inviting developers and tech experts to come and share ideas. i thought it was just axelrod and a couple of the -- you know, i'm sorry. i apologize for that. hack-a-thon res common in the tech industry, complete with beer, pizza, sleeping bags, they're basically athletic events for technical geeks. i can't get beyond what i think a hack-a-thon is. it's such a perfect name. i was just thinking, we just talked about geeks today. did you see google today? >> i did. >> do you know who this guy is? i would feel inadequate. do you know add ward gorey? he was born in 1925 and it's about doodling. but they need to -- those guys at google every day need to prove their ultimate geekiness to us. >> or you can use it as an opportunity t
in washington. john, this is part after constant drum beat from the white house and his team, obama's team that if we go through the sequester, it is bad, bad, bad. >> exactly right, simon. who what the white house is doing is a steady application of pressure on republicans in congress hoping this he will accept ultimately tax increases as part of a budget deal. ray whlahood, former republicanf congress, walked into the briefing room and said you may not see the effects immediately but they will be very real and build over time. here is ray lahood. >> it will ripple across the country. cuts mean preventative maintenance and quick repair of runway equipment may not be possible which could lead to more delays. >> what you heard was a hundred small airport towers could be shut down. control towers because of lack of funding. you will see 90-minute delays. furloughs every week. visitors centers, rest rooms, garbage cans won't be serviced as efficiently as they are now. again, they are trying to build a ground swell of outrage against what will happen. put pressure on republicans. republicans s
that the tiger woods/president obama duo defeated ron kirk and the houston astros owner jim crane. as for the president's game, tiger says the president has amazing touch, chipping and putting. >> he was actually gushing about the president's game. he said if the president had time to work on his game more he would really develop. >> he did nwhat a great second tiger woods, a man so far down in his shoes and look he's now golfing with the president. >> although the president won't allow pictures to be taken of it so back to an extent. >> i think that's the president's vanity of having a crappy game. >> oscar pistorius' bail hearing was contentious this morning, the defense and the prosecution giving different versions of what happened the day that pistorius' girlfriend was murdered. we'll have the details at the top of the hour. >>> one of the most popular shows on tv right now, alex karpovsky who plays ray on "girls" will join us live, that's ahead. >> young girls and older ladies. it's the in betweens that are a problem. [fight bell: ding, ding] how many here are google users? w
what the impact of obama care really is on the sector. back to you guys. >> all right. thank you, josh lipton. apple is not participating in the broader rally over the past three months. will that change anytime soon? find out how you should be playing apple and the rest of the tech sector right after this break. [ male announcer ] let's say you pay your guy around 2% to manage your money. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> about an hour into trading. 7:31 on the west coast, 10:30 on the east coast. acme packet shares rallying on the news, up 22%. blackbe
weeks ago. you've got the fiscal cliff issue resolved, and probably more importantly, president obama seems to have pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you look back over the last 20 years, people spent a lot of time arguing, what was the value stock, what was a growth stock. and a lot of times it was in the eye of the beholder. volatility is a much more objective mesh yasure of what a stock is. you can do very good long term, 80 and 90-year analysis of what this asset class means. and right now, we show high volatility stocks have been beaten down very, very much in the rally, relative to low
could be obama care. do you think that they will expand to employees but no more? what is the impact that you see? >> that is the biggest concern of our franchisees. they don't have enough information. they don't know what they're looking forward to. it's causing a lot of concern. that, too, will also pass through the consumer. >> would it be a big subway outlet, wouldn't it? >> single store has about a dozen employees. >> it's 13 years since you wrote the book "start small, finish big" which was about grass roots entrepreneurship. do you think the environment for those chasing the american dream by setting up their own business has gotten worse or better in those 13 years? >> it's continuously gotten worse, because there's more and more regulations. it's tougher for people to get into business. especially a small business. i tell you, if i started subway today, subway would not exist. because i had an easy time of it in the '60s when i started. i just see a continuous increase in regulation. >> do you have to change the franchises, or is it more generous to startups? do you advance
, a hack-a-thon at the white house. we have the details on president obama's silicon valley-like soiree. >>> welcome back to "squawk on the street." it's friday. therefore, it's friday's i decisi edition of the "santelli exchange". the big issues of the day are all wrapped around debt and deficits. no matter how you want to spin it, how you want to deal with it, how you want to avoid it or how you want to get around it, these are at the epicenter. i think back, fannie, freddie, don't see many solutions. those are called government-sponsored enterprises. basically agencies of the federal government that were set up and the boiler-plate was, not guaranteed by the u.s. government. what in essence they were. now, let's think back to some of the new issues of the day, infrastructure bank. in the state of the union, the president called for this as something to build and save the country and the economy. now, let's also look at some acronyms. transportation infrastructure finance and innovation act. that will be expanded to, yes, rise of the zombie clones to create another agency very similar
Search Results 0 to 38 of about 39 (some duplicates have been removed)